2012-12-01
2012-12-31
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alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. >>> that does it here for us tonight in newtown connecticut. we now want to bring you the vigil in its entirety. [ applause ] >> on behalf of the newtown interfaith clergy association i welcome all of you. we needed this. we needed to be together here in this room in the gymnasium, outside the doors of this school in living rooms around the world. we needed to be together. to show that we are together and united. we gather in such a moment of heartbreak for all of us here in new town. we gather especially mindful of family and friends. and neighbors among us who have lost loved ones by an act of unfathomable violence and destruction we gather to grieve together, care for one another, pray and embrace, to weep and to remember and to declare in our many voices that these darkest days of our community shall not be the final word heard from us. we will sigh in our sorrows, but we will also care for one another with our love and our compassion. in those early hours of t

believe are in the u.s. big -- cap with big brand names with great fundamentals, and they are right here in the u.s.? make that the last word. the bell is ringing. maria will pick up the second half of the "closing bell" in just a moment. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our

increase automatically on january 1. major garrett is covering for us at the white house tonight. major? h reporter: scott, two senior white house officials tell us the next 48 hours are crucial. until republicans relent on raising income tax rates for households earning more than $250,000, the democrats will not discuss g.o.p. demand for cuts medicaitlement programs like te house and medicaid. this white house photo of president obama talking yesterday to house speaker john boehner does not convey the 2%se and difficult reality. the g.o.p. leader told mr. obama he wanted to permanently extend all current tax rates, including reose for the two 2% of earners. > there were some offers that conversahanged back and forth yesterday, and the president and r:had a pretty frank conversation about just how far apart we are. >> reporter: we asked white hinge spokesman jay carney today uhere things stood. how would you rate speaker boehner's flexibility? leahere's no indication yet hatt the republican leadership is willing to acknowledge the basic fact that rates need to rise on the top 2%. >> report

, lieutenant paul vance. lieutenant, thank you so much for finding time for us. you said something yesterday that you thought the search of the various crime scenes had been successful, and you might have found something that would help us understand the why and the how of this. what can you tell us about that? >> well, i can tell you, certainly, the major crime detectives of the state police have been working continuously since this tragedy unfolded, searching not only the initial crime scene at the school, but a secondary crime scene that we also discovered during the investigation. investigators have executed a number of search warrants and many, many different locations, and i can't detail what's been recovered, but i can tell you that a significant amount of evidence has been recovered and is being cataloged and processed that will certainly assist us in this investigation. >> schieffer: well, do you have any better idea today, even if you can't tell us of the details why, of why this person did this? >> i don't know that we can answer that question just yet. there's an immense amount o

-range rocket launch that's managed to put a satellite in earth's orbit. here's why it is important to all of us. even though north korea is one of the poorest countries and many people are starving there, the korean peninsula is the most tense, most dangerous places on earth. there are roughly one million north korean troops on it is side of the militarize zone separating from south korea. as well as nearly 30,000 u.s. forces. not only are they within strikes distance of the launch site, a long-range rocket shows north korea is on its way to developing technology to launch a rocket at the united states's west coast and hawaii. officials tell cnn that the working assumption is that the north koreans got outside help from others, including iran. so today's launch is raising some huge concerns. let's go to our pentagon correspondent barbara starr. i assume they are pretty surprised and alarmed by the successful launch over at the pentagon? >> look, wolf, because of everything you just mentioned, indeed, the u.s. military, the intelligence committee have been watching north korea for days now 24/7

in the assault on the u.s. consulate there. while susan rice was not responsible for security of the consulate, she did go on sunday shows and talk about the u.s. response there and she has been accused of deliberately mischaracterizing what happened. all sides -- or the white house has adamantly insisted and she has insisted that she in no way deliberately mischaracterized what happened. she was reading from unclassified talking points and nonetheless this has been caught up in a back and forth and, wolf, if i may, i'm going to read from part of her statement, her letter to the president and what she wrote in part, i am now convinced that the confirmation process will be lengthy, disruptive, and costly to you and to our most pressing national and international priorities. that tradeoff is simply not worth it to our country. the secretary of state may never be politicized. she says, i look forward to building on progress in your second term which seems to leave the door open to the possibility she could serve in the administration in the second term and according to my sources there has been s

this morning. so glad all of you are joining us, for a little bit of your christmas holiday. robin, of course, at home recovering. saying hello to you, between the toes. george also at home with his family. great to be joined by my compatriots, lara and sam on this christmas holiday. >> great to have you both in my life. and wishing you a really wonderful morning. today on the show, we have a christmas morning roundtable, with spiritual leaders, discussing faith in our lives right now. it's an important discussion to have right now. we look forward to that. >>> also ahead this morning, you know her from "dancing with the stars." katherine jenkins is here with a sa song that is absolutely perfect for this morning, christmas morning. i can't even bring myself to say shh because her voice is so incredible. >> it stops you in your tracks. >> i know. i could listen to it all morning. >>> something we want to show you. these kids, there's a surprise on the way. they don't know it, but santa is going to visit. >> making his way down the chimney, i believe, as we speak. we are pretaping the show, so

johns has been following both cases for us. joe, explain the impact of today's decision. >> well, it is big impact. as you know, this is one of those cases that people talk about over the water cooler. let's start with proposition 8. very simple, wolf, it is the california ballot initiative passed in 2008 by the people of the state of california that established marriage as between a man and a woman. it overturned a court case that said same sex couples have the right to marry. windsor is the other case you were talking about, it is an attack on defense of marriage act which was passed in 1996 by the congress, signed by the president. it's called windsor against the united states. it is about a woman named edith windsor who had a long time relationship with her partner, and they were married in 2007. spier died in new york in 2009, and edith windsor got a lot of money. something like $363,000 as a result of that, she was required to pay that in federal estate taxes on her inheritance. she would not have had to pay that money if federal law had given that same sex relationship the

>>> that's it for us. >>> that's it for us. thanks for watching. "early start" begins now. >>> without warning, a surprise tornado strikes in the middle of a series of severe storms throughout the southeast. >>> plus, secret sabotage. police want to know who's behind the pipe bombs found attached to the gas tank of a large truck. >>> mum's the word on the air force's secret space plan set to blast off today. secret but we have some details. >> we know all about it. >> good that's right. good morning and welcome to "early start," everyone, i'm john berman. >> and i'm zoraida sambolin. tuesday, december 11th, 5:00 a.m. in the east. we begin this morning in the south where more storms are expected today. this after residents are left cleaning up from the aftermath of yesterday's storms. the rain was so intense. take a look at what happened to the home of one man, this is birmingham, alabama as he was being interviewed by a local tv reporter. >> we had dogs. he was in the cage. oh, my god. oh, my god. oh, my god. you all okay? you all okay? you all all right? >> look at that,

updating us. soledad, very interesting development. apparently all these false social media reports allegedly supposedly from this killer out there and the warning from this police chief, the warning is specific, warning being if you get engaged and circulate these false reports with threats out there, you are violating the law and they will go after you? >> yeah. he was tough on that. one of the things he said, while not specifically referencing any specific social media reports, he said that there is erroneous information coming out, all their information is on their official website and not to trust anything that was just being repeated or created on social media. highlighting, of course, that there had been contradictory information, just wrong information. very tough on that as you heard in that press conference, wolf? >> yeah. because some of these social media sites i've seen one or two of them over the past day or so, and they're making these accusations and these threats out there and scare something folks and these are totally obviously erroneous. the authorities are going

giffords' seat in congress after she stepped down to deal with her injuries. he said today, "as those of us in tucson know, senseless acts such as these tear at the very fabric of a community." mark kelly, gabby giffords' husband said today, "i just spoke with gabby, and she sends her prayers from tucson." in oak creek, wisconsin, where four months ago there was another mass shooting at a sikh temple, another six people gunned down at that temple. a school superintendent there today told the local press that she cried when she heard the news out of newtown, connecticut. she said "we always think it can't happen here, and we pray fervently that it won't. but as we know from our experience this summer, it can happen anywhere." the mayor of aurora, colorado, is still helping his community try to recover from the mass shooting there this summer where 12 people were shot and killed and another 58 people were shot but survived. he said today from aurora, "our hearts go out to the people of newtown." colorado's senator michael bennet said today, "as coloradans, we know how this type of tragedy can

about in you're so vain and will you share that with us? >> i think it's warren beatty. >> and he says not. >> that's what my information was but again that information has not been updated for 40 years. [applause] >> now that that the turnpike extends past the city to the airport, any thoughts about revising the song? >> you mean the turnpike no longer ends in boston, it goes all the way to summer set, no. what town is the airport in? >> that's got a ring to it but it doesn't rhyme. that's the thing is the internal rhyme. that song has four rhyming schemes going at once. it's got to be boston unless they take it to aust tin texas. [applause] >> i want to thank all of you for joining us this afternoon. i want to remind you of our next lunch on december 18, we have leon panetta, i'm sure if you have some advice on how to stolve fiscal cliff i'm sure heed like to hear that. >> while you are writing your next song i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the

. this bill allows us to have the resources we need to get more uninsured americans into the health-care system. it reduces costs and will make as a stronger nation. >> peter shumlin is joining us from vermont. thank you very much for being with us. >> thanks so much for having me. >> why did he decide to take this job? >> it is a fascinating question. they're going to start this cycle $30 million a behind were the republican governors association is. they have opportunities across the upper midwest and states like florida and on the west coast. the governor of arizona is not so convinced she% limited. she think she can run. sheikh -- she is a term limited. she thinks she can run. even some states in the south and along the atlantic coast. there are tons of opportunities for democrats. they are $30 million were the republicans governors association is. >> a lot of democratic senators are up for reelection. the pool of money will be pushed also for these governors races and more democratic than republican seat in the senate. >> there arare far more democrat of for reelection in 2014

. lanza had used one of the handguns to take his own life. a.t.f. officials now tell us >> pelley: bob, you mentioned there was a fourth gun. do the investigators have a theory on what he intended to do with that? >> that fourth gun was a shotgun capable of carrying a large drum of ammunition. lanza left it behind in the car's truck. police say they're not sure what he intended to do it with but it suggests maybe he was thinking of a broader attack. >> pelley: bob, thanks very much. we asked correspondent seth doane to talk to people who could paint a broader picture of adam lanza. >> reporter: what kind of kid was adam lanza as a classmate. >> just quiet. >> reporter: this girl remembers adam lanza from german class. >> on one side he did something unspeakable, on the other, that's not how i remember him. i remember him as the nice kid that i sat near in class and, you know, we joked, he'd laugh, that kind of thing. >> reporter: it was the spring of 2009 and the two were enrolled at western connecticut state university while lanza was still in high school. >> we were all hanging out,

. >> thanks for waking up with us, god bless and merry christmas. >> merry christmas. >> good morning, everyone. i have the biggest smile on my nice because it's december 25th. merry christmas to all all viewers across the country, around the world and to our servicemen and women keeping us safe overseas today and their families. i want to show you a live look of presiden bethlehem, we'll be back there in a moment. i'm jaime colby. >> i'm kelly wright, we are glad your here. >> we have a very important show ahead. fox news alert in upstate new york as authorities piece together what led to a gunman opening fire yesterday on christmas eve at four firefighters ballistic link and i tense inferno. police say the gunman set his house on fire to lure the first responders, then proceeded to ambush them, killing two and occurring two others. the gunman dent find as an ex-con then willed himself. police have the gruesome task of looking for more victims in the charred ruins. >> the fire has it under control. there are seven houses totally distrade at the scene. there is still an active crime s

the call friday, calls that led to relief or despair. joining us now, is robert lacotta, his son, aden is a first grader, saved by his teacher and ran to safety and his daughter was also unharmed and also, joe and lynn and their daughter alexis, in the third grade at sandy hook. two days later, robert, how is your family doing? >> you know, we are taking it day by day, minute by minute. it is -- what both our son and our daughter saw is incomprehensible. we are trying to make sense of a senseless act. we speak to him, we make sure we understand what he is feeling. we try to explain things that can't be explained. and, we take stock in our faith and in our community, our neighbors and our friends, who have been just tremendous. >> chris: lynn and joe, and, little alexis, i see in front of you, does she want to talk about it? and if so, what are you telling her? >> it -- as far as talking, we are breaking it to her slowly, we're not trying to pry too much. if she is forthcoming and telling us stuff, we're allowing it -- you know, letting her come out slowly. we're not prying into her, yo

regime, the threat of chemical weapons. the u.s. rushes to protect an ally that shares a border with syria. >>> susan rice bows out. john kerry gets a lot of buzz. who will be the next secretary of state. >>> it works like a printer and plastic parts. some worry it will make plastic guns. ♪ we've been in the sky for our love ♪ -- >> what's up? how are you doing? >> imagine that, what would you do if stevie wonder walked into your recording session. c "en newsroom" starts right now. good morning, everyone, from washington, i'm don lemon. carol is off today. we begin this hour with spiraling concerns over syria and a desperate regime trying to hold on to power. this morning, washington announces it's deploying two patriot missile batteries and 400 troops to our nato ally turkey. it will bolster defenses to syria against its scud missiles and possible chemical weapons. >> it's a challenging time. it's a challenging time. it's a critical time. we just announced, just announced this morning that we are deploying two patriot batteries here to turkey, along with the troops that are

. great to have all of you with us this morning. robin, george, lara at home with their families. great to have paula faris, and rachel smith, host of "on the red carpet" back with us this morning. >>> and we're back from the holidays. we're all thinking about returning the gifts, right? just kidding. there's people that are going to be in the return lines. becky worley is here on how to score on both. >>> let's get right to sam. he's been tracking the rough weather that's impacted millions over the week. >> some prepared for it. they were warned in advance. what a night. 34 tornadoes rocked that area. the previous christmas tornadoes had been 12 in 1969. when we tell you this was an epic event, it truly was. the abc station from birmingham, sending us the tornadoes from the mobile area. look at these in the deep south. new orleans to montgomery. tornado warnings all over the deep south. last night, on twitter, your pictures were sending us all the damage. matt gutman was landing in mobile about the time the storms got to that area. what's it like this morning? >> reporter: it's pretty

and a cacophony of criticism. in a letter to the president today, u.s. ambassador to the united nations susan rice wrote, "the position of secretary of state should never be politicized. i am saddened that we have reached this point even before you have decided whom to nominate." and she shared the news on nbc. >> i didn't want to see a confirmation process that was very prolonged, very politicized, very distracting and very disruptive, because there are so many things we need to get done as a country. >> reporter: just weeks ago, rice, a tough and smart rising star in the obama administration, was the president's top choice to serve as the next secretary of state. but she drew a lightning storm of republican criticism for repeating talking points from the intelligence community that seemed to critics to downplay the terrorist attack on the diplomatic compound in benghazi, libya. >> what this began as was a spontaneous -- >> the concerns i have are greater today than they were before and we're not even close to getting basic answers. >> it is clear that the information that she gave the american p

about basic weapons or weapons used in hunting. best of my knowledge, if anyone uses an assault weapon -- an assault weapon in the hunting with the 30-round magazine, i'd be quite surprised by that -- and by the way, if they do, and because of public safety, that should go away, then i believe that should go away. >> public policy didn't see to be particular focus of yours during the first half of your term here -- well, i was wondering if you agree with that observation and if so, why now? >> i think gun safety is -- has been important to our administration and the fact is we are ranked as having the top five toughest laws on guns in the nation. but i will go back to what i said earlier. absent a federal framework -- drill down further into my own personal history. as mayor of stanford, we came to understand that a big percentage of the handguns work their way up from i-95 in states in which there are actually easier gun laws and guns in some cases sold under exceptions to the rule for gun shows. those guns work their way up i-95 and get to places like new york city or cities in our s

tonight, with abc's john schriffen leading us off. >> reporter: whiteout conditions in ohio. power poles snapped like twigs in arkansas. and this pickup truck in southern illinois, struggling just to clear a path. the winter blast, now accounting for 15 deaths. most of them on the nation's roads, where black ice led to accident after accident. >> i lost count of the number of cars i've seen in the ditch. i saw a jackknifed tractor trailer. i saw a horse trailer that was turned over. >> reporter: today, the northeast was digging out. this man spent hours trying to rescue his car here in syracuse. what is it like dealing with this much snow? >> a lot of agony. a lot of back breaking. >> reporter: mother nature is also wreaking havoc in the skies. today alone, close to 700 flights were canceled. in the past 48 hours? nearly 3,000. on new york's long island, this southwest airlines plane skidded off the runway, getting stuck in the mud. 129 passengers evacuated safely. >> tower southwest 4695. >> 4695. >> we just made your day very exciting, at least ours is going to be. we just taxied off t

since 2008 but going over the fiscal cliff puts us at peril in terms of lower income and higher regulatory burdens and just the uncertainty. >> brian, sometimes the media gets the blame for scare mongering and i'm going to therefore try to play the other side and the devil's advocate. is there a possibility that this fiscal cliff talk is a y2k moment? in other words, it's not going to be nearly as bad as we think? >> oh, i think that's a possibility. i think maybe there's a little bit of cynicism in the market and a lot of people in the sidelines which is one of the reasons why the vix is as low as it is. compare this to the negotiations surrounding the extension of the debt ceiling back in august of last year. nothing like the turmoil that's been there. i think a lot has already been baked into the cake. i think right nprobably to the extent there's the stage set for further negotiations for a grand bargain to set more permanent parameters on tax and spending policy. >> is there anything that's immune to the fiscal cliff talk, anything you would buy right here? >> well, i would

us and we're going to get a deal that has some integrity. and i've said before, if we get anything that makes meaningful step towards fixing our fiscal problem, you're going to see the market go up a couple thousand points. i think that is a, you know, 20% chance in 2013. i think we could really go some place, if politicians show some leadership. >> that's only 20% that they have integrity. >> yeah, yeah. that's up from earlier today. >> thank you, john, thank you guys for being with us today. make sure you join us on monday. "squawk on the street" begins right now. ♪ >>> good friday morning. welcome to "squawk on the street" on this final friday trading session of the year. i'm carl quintanilla at the new york stock exchange, along with melissa lee. >> that's a good song. >> i actually requested that a few moments ago. cramer and faber had the day off. the market has a few jitters as we enter what is going to be an interesting day. of course, the meeting at the white house, 3:00 between the president and some congressional leaders. as for europe, getting some data out of japan o

in some places. alina. >> chad myers, graeat to see yo. thank you. that's all for us today. thanks for watching "cnn newsroom." i'm alina cho. i'll be back tomorrow at 5:00 a.m. eastern and again at 11:00 a.m. eastern. "cnn newsroom" with suzanne malveaux starts right now. -- captions by vitac -- www.vitac.com >>> welcome to "cnn newsroom." i'm suzanne malveaux. we're keeping you updated on the news here in the united states and around the world. former egyptian president hosni mubarak being transferred to a hospital for medical treatment. the country's state prosecutor ordered the transfer. mubarak is serving life in prison for his role in the killing of demonstrars in egypt's recent demonstration. ian is live in cairo. ian, what are we learning about mubarak's condition right now? >> reporter: suzanne, right now he's in stable condition. he's had three fractured ribs after slipping in the bathroom. the general prosecutor ordered that he be taken from torah prison to a military hospital for more specialized treatment for his condition. his lawyer told us that he has been angry wit

when gunfire breaks out at a police station in new jersey. accusations of using children to make a political point. we'll tell you about that "happening now" jon: good morning i'm jon scott along with harris faulkner. with just days to go until the fiscal cliff deadline president obama and top congressional leaders are set for a crucial meeting. expectations are low for a deal when house and senate leaders head to the white house this afternoon to meet there with president obama. lawmakers are increasingly looking at the period following the december 31st deadline we're told to come up with a fix to avoid massive tax hikes and spending cuts, affect lives of nearly every american many economists say could plunge the economy into another recession. chief white house correspondent ed henry live with the latest. so in this meeting, ed, is there any hope they will accomplish anything? >> reporter: well it is pretty low expectations, jon. what we're expecting when you talk to top officials of both parties the president will offer a scaled back plan, something he laid out lines friday b

just blast out of some aggressive growth stocks or sell some s&p future us when see them walk to the podium, you could probably coin money! i'm surprised the president doesn't start his talks by saying, look, look, america, i'm about to send the s&p 500 down a percent with what i say. ou how about the speaker? suffice it to say we all have to keep one eye on washington and hope they don't poke it out with their endless failure to rise above partisanship. when we started this campaign, i'm sure a lot of people said don't worry, i'm sure they'll do it. today was like the worst day yet. the two parties hate each other. they really do. they personally hate each other. but how about the other eye, the one that's not focused on the fact that all of our paychecks are about to be reduced and we're likely going to have big layoffs? what is that eye supposed to be focused on? and is it possible to focus on anything the chaos that will ensue. i'm calling for the super bowl resolution. we got the answer to what we should be focused on in spades today. we needed to folks on the desire of c

. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> i'm jim cramer, and welcome to my world. you need to get in the game! firms are going to go out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you a little money. my job is not just to entertain you but to educate and teach. so call me at 1-800-743-cnbc. we may all be focused on the fiscal cliff. we may see the talks blowing up right in front of our eyes. even as the averages denied washington's gravitational pull, the dow gaining 60 points, s&p climbing .55%, nasdaq advancing .20%, we know when the president or the speaker of the house comes on the tube these days, the m

of us were seriously injured. and we passed the voting rights act. we renewed the act. we extended the act. and then the state of florida, the state of georgia, alabama and other states throughout the nation come along with tactics to make it hard, to make it difficult for people to participate. we should be making it easy and simple and open up the political process and let all of the people come in. amy goodman: explain what the voting rights act said. rep. john lewis: the voting rights act of 1965 said, in effect, that you cannot use a literary test, you cannot have a poll tax, you cannot use certain devices, you cannot harass, you cannot intimidate. and before you make any changes in election laws dealing with registration, changing a precinct, local lines for any political position, you have to get pre-clearance from the department of justice or the federal district court in washington, d.c. so, the state of florida, for an example, never sought to get clearance to purge. and they're hiding behind there may be fraud. that's their own. amy goodman: you were on that selma to mon

. meanwhile the economy and jobs are improving but the use of budget busting food stamps continues to soar. could the aggressive food stamp reason why? wait until you hear some of the radio ads. >>> proeb jumped head first into a right to work law today in michigan. eamon javers has the details. good evening. >> reporter: good evening. we are monitoring fiscal cliff talks. it's been radio silence from democrats and republicans in washington. they're sticking to preagreed upon talking points explaining that lines of communication are open. we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going up. we either act now to keep them from going up from as many people as possible or they will go up on everyone. that's a disaster. let's recognize reality, take care of as many people as we can. >> meanwhile, you're right. the president was in detroit where he continued hi

governor rick snyder. governor snyder, thank you very much for joining us. tell me why now and why this issue, why take this on? this is not what you campaigned on. >> no. i appreciate that, andrea. it really goes back to last summertime. the labor movement, labor leaders were pushing forward something called proposal 2. they were doing signatures to put on it the ballot, which would have been a massive overreach into michigan's constitution regarding collective bargaining. i believe in collective bargaining, but this was way over the top, and i asked him not to go forward, and the reasons i said is you are going to start a very divisive discussion regarding collective bargaining first, but it also will get into right to work. it will create a big stir about right to work in addition to collective bargaining. the voters spoke in november and dramatically voted down proposal two, but then this right to work discussion just continued to escalate and was becoming very divisive. the way i viewed it, it's on the table. it's a hot issue. let's show some leadership, so i stepped up to say

passed in may but it's an important support program to make sure that the most vulnerable among us are cared for and they can bounce back up. it's one of those programs where we try to reach out, mr. speaker, not to prop folks up but to give them a hand up so that they can succeed. . these programs face a 35% cut. why is that? in the two years you and i have been here, mr. speaker, we have seen discretionary spending, it started in 2010 at some of the highest levels in american history. you and i in a bipartisan way brought it down in 2011. we brought it down again in 2012. and we brought it down again for f.y. 2013. i open up those newspapers, mr. speaker, folks talk about how there is no agreement here. folks are arguing and fighting with each other. in a bipartisan way this house, that senate, and our president has seen discretionary spending drop three years in a row. never before in my lifetime have we seen such a thing. i credit this body with being a driving force in that because we were elected by the american people who want to see their fiscal bucks put back in order, but

? >> all right. have we not been lulled into -- you know, anything bernanke does now doesn't shock us or surprise us. isn't this extraordinary? >> you know, a few years ago, there were all kinds of things that i would v never happened. now if people ask me if such and such is possible, i say anything is possible. >> one of the things that i did think immediately yesterday was ben bernanke may not have this job in two years, right? people talk about that. he may decide he doesn't want to do it. >> he was asked about it. >> but he may ultimately be locked in. he may be locking in his successor and his successor after that into this type of thinking and this type of program. how hard is it to get out of this later? >> it is going to be extremely hard to get out of this, regardless of who the leader is, because, again, it is now -- you know, this is no longer an extraordinary measure. you did this during the emergency and then it's time to get out. now we're -- you know, we're in a bit of a quasi equilibrium here and this is how we're running monetary policy now. so to now being doing a r

, roger altman and barry knapp. we have thorsten heins joining us, as well. >> our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. we can see the futures opening at least 150 off if things keep up the way they are. house speaker john boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than $1 million. the president vowing he will press ahead with congress to get a deal done. >> he wasn't going to do it, anyway. what does he mean it will press ahead? >> i don't know. >> because it wasn't going to go to the senate. >> but to me, the demonstration that boehner didn't have the support -- you thought boehner never had the support for this plan? >> no. i'm saying boehner didn't have support to do it even at a million -- >> which suggests to me what kind of rationale -- >> because maybe the house wanted some actually spending cuts. after giving in on tax breaks, they didn't go -- >> we always wondered if boehner can deliver the right. i wonder if th

, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people outraged with washington. >> i can't believe we've gotten this close. >> time for them to turn in their term paper. >> this is america. they should be working for the american people. >> the parties are trying to outdo

used guns that belonged to his mother. now, his aunt who was interviewed by a local tv station in north carolina says that the mother was something of a survivalist. she feared economic collapse and two sources have told nbc news that he was at least for a time home schooled. this is someone whose description fits so closely to other shooters that we have heard about in previous mass shootings. that he was a loner. many people thought he was intelligent and his brother told investigators yesterday that he had a history of mental problems. we are still waiting for a key piece of information. police told us this morning that they would release an official list of the victims and, of course, craig, that has yet to happen. >> chris jansing on the ground. we should note we also have a photograph that we got a short time ago of adam lanza's mother. here is that photograph. this is lanza's mother, nancy. this is a photograph from facebook. and just a short while ago we also heard from his aunt, his aunt marcia lanza, about the family and this tragedy. let's listen to what she had to s say. oka

capital, rick santelli, steve guilfoyle on the floor of the exchange with us as well. let's see. let's start with you, mr. grinch. you sell on any strengths, even now, even if we get a deal? >> well, fundamental analysis is thrown out the window. this obviously is a headline-driven market. any time you're hearing about something that's going to take place, any hint at any type of negotiation, any type of a deal, the markets tend to respond. right now i think the markets are calling their bluff right now. we're not expecting a lot out of what's taking place in washington at this moment. here's a thing, guys. even if there is a deal, it's going to be tough. you'll have a knee jerk reaction. markets should be rallying, might be a great opportunity to sell into strength, because when you look behind the curtain of any deal that's going to happen, it's going to be remarkably bad for the economy. >> austerity on the way. >> absolutely. >> whatever we're looking at. >> talking about spending. the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many

. it is a crazy story we've been talking about for the past two weeks. john mcafee will be joining us live on camera at 8:40 a.m. eastern. we're going to get the latest chapter in this mystery that has murder, mayhem and suspension. his life is the movie of the week, if you will, and we will have it live right here at 8:40. please, do not miss that. let's get you caught up on some of the other headlines this morning. house speaker john boehner and president obama met for the second time this week. both parties are trying to avoid the fiscal cliff. the men had a frank discussion and the lines of communication remain open, although no specific details were released. the meeting came after frustration in washington. this was house speaker boehner earlier in the day. >> republicans want to solve this problem by getting the spending line down. the president wants to pretend the spending isn't a problem. that's why we don't have an agreement. >>> president obama remains hopeful that a deal will get done. he he told a cbs affiliate that he's willing to do a lot more in cuts and spending, i seas,

that was used in the new town tragedy. i am very proud to join and senator feinstein oppose the bill that will help put a stop to the proliferation of the assault weapons that have no purpose but to kill and maim human beings. we need to do something about the high-capacity magazines also used a in the killing at sandy hook elementary school. better background checks, more of them so the 40% not covered are in fact done. when they are done, more comprehensively and effectively. other measures relating to mental health need to be part of the solution. there is no simple single solution. we need a dialogue among people commited to common sense, sensible solutions. the nra will have to alter its approach if it is to be taken seriously adventurist national debate. thank you. >> let me quickly brief you on where senator blumenthal and i are. let me just indicate that the new center that will be sworn in -- center that will be sworn in in saturday said he wanted to play a major role and really help work the bill. he was absolutely dedicated to it. both of us are grateful for that. we are w

"starting point" next. >>> the u.s. is deploying 400 troops, 2 air defense missile batteries to defend turkey against syria. we'll have a live report this morning. >>> ambassador susan rice takes herself out of the running for secretary of state. why did she do it? who will replace hillary clinton? >>> president obama and john boehner meet for 50 minutes, but didn't walk out with a fiscal cliff deal. but they didn't reach a deal, what's next? >>> why are these ukrainian lawmakers throwing punches. glad we're not there. >> not there yet. friday, december 14th. "starting point" begins now. good morning, everybody. our starting point, a developing story about syria's ongoing civil war and a new role for the united states. leon panetta signed an order to send two patriot missile batteries to turkey along with 400 u.s. troops to help the country defend against any u.s. action by syria. the move was expected as the rebellion destabilizes or begins to destabilize the assad regime. nick paton walsh has the latest for us. nick, good morning. >> reporter: good morning. 400 u.s. troops

-bowles. erskin bowles will join us this morning, as well. if you have the democrats quoting him, the republicans quoting him, we'll very where he comes down and where things stand right now. >> you do simpson-bowles now instead of the bowls-simpson? >> i looked it up on going.. the more often cited is simple is son-bowles. >> the journal has an interesting piece. they don't like corker for breaking rank. they say why are republicans negotiating this themselves? they say let boehner do the negotiations. anyway, you would be hard pressed to find something who sdn have aen opinion on the fiscal cliff. this weekend, the ahead of the imf said the united states is more vulnerable to its domestic trouble more than anything else happening in the eurozone. christine lagarde says a balanced approach is needed and she says don't kick the can down the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcin

injured after a car bomb tar getted a u.s. base. a minibus exploded at the gate of camp chapman. it was also the target of a suicide bombing that killed seven cia contractors and a jordanian in 2009 when a double agent, loyal to extremists, blew himself up. >>> syria's military police chief has defected. recording a video that aired on arab tv network, announcing he is defecting because the syrian army is no locker acting in the spec interest of the people. the decision follows two brutal attacks on hungry civilians standing in bread lines and comes at a time when rebel forces are said to be making gains over government troops over control of major cities. >>> andruw jones, free on bone this morning after being arrested outside atlanta on christmas on a battery charge. the gwinnett county detention center tells us there was a domestic dispute with his wife. the center fielder won ten straight gold gloves with the braves. played with the new york yankies last year and recently signed with a team in january pan. >>> shinzo abe has been elected prime minister. he held the same posi

to tampa, florida, where he served his last assignment as kmanltder in chief of u.s. central command. he was 78 years old. teresa 135 homes and businesses remain without power. edward lawrence reporting. >> reporter: snow blowers and plows are pushing through a foot of snow in the upstate new york. the icy snow is a challenge for those who only have a shovel. >> it's been brutal. >> reporter: the storm drops several inches in the northeast and new england making it hard to get out and get around. streets are a problem in west virginia and maryland. this woman skit off the road and hit a mailbox. >> we just lost control. yeah, pretty scary. >> reporter: the weather is part of the same mass av system that crossed the country this week dumping snow from the west coast to the east coast and creating powerful tornadoes in the south. bad weather continues to delay flights in the northeast. that's bad news for holiday travelers trying to head home. brendan frank lip came home for christmas and is waiting to fly back to arizona. >> mercifully it's so far, so good. >> bob akard is from tampa, flo

into the cooler, got all of the employees in the cooler, and it came right over us. >> it blew the roofs off of homes, and on this christmas day, not even a house of worship was safe. the front wall was torn off. >> look at that tornado. >> across much of the south, many spent christmas in the dark as twisters came through. >>> tornado winds in mississippi damaged homes, and two men were killed from falling trees. >> it's a mess. >> as a funnel cloud came from mobile joe michael love shot this video from his home. >> what was that? >> that's transformers. >> i'm at my son's high school it's pretty destroyed. all of the portable classrooms are gone. >> reporter: and no serious injuries reported here but it is daylight and crews are now back out assessing the situation. >> thank you, the rough weather is affecting travel across the country. more than 500 flights were cancels onled on christmas day. tiffany wilson is in oxford ohio. the snow started falling around 5:00 this morning, you see the blows have just gone through, we have a couple inches of snow blizzard like condit

be just the beginning of the day. wolf. >> alison on the scene for us, thank you. the president's taking a political risk by getting into michigan's union fight at the same time he's locked in a major battle in washington over raising ta spending cuts and more. let's bring in our chief white house correspondent jessica yell be. jessica, is it surprising the president decided to speak today on this right to work issue? >> reporter: wolf, the white house has come out very strongly against right to work laws. and the unions have been strong supporters of the president. but it is quite surprising the president was so forceful in his, expression of support today, after he had a more muted response during the election, after the scott walker recall effort. today, the president made his first comments on the michigan law, and it was indeed a forceful show of support for organized labor. here is the president. >> you know, these so called right to work laws, they don't have to do with economics. they have everything to do with politics. what they're really talking about is giving you the right t

there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. i'm live from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election.

the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, b

is hitting and the big impact on travel. >>> plus, the latest on yet another major storm taking aim at the u.s. >>> the cliffhanger over the budget impasse in waington. tonight, president obama cut short his vacation in hawaii, just six days before the deadline for big cuts and tax hikes. >>> the war next door. they say the borders are more secure than ever. but look what hidden cameras found on one man's land on this side of the border. drug smuggling, alive and well. >>> and fashion police. as retailers report on the all-important shopping season, we report on a trend you might have missed. just what do these mannequins see in you? "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >> good evening, i'm natalie morales in tonight for brian. and we begin with serious winter weather that is moving east. rain, snow and wind that is snarling a lot of travel plans for those trying to make it home from holiday travels. it is the same storm system that is responsible for at least three deaths and spawned record-setting tornado

honeywell application. where you should buy the aig over the dip. it's fun for us to puzzle over the strength of hewlett packard. deckers down $3 because of the warm weather impact on uggs. is that what's behind coach today? that's what i regard as productive use of my time. but unfortunately, that's not the case for many of you and in many ways, it's not what you need to hear. in fact all those issues i just mentioned aren't even mildly important compared to the big stories we battle every day. first let's tackle the fiscal cliff. i'm beginning to hear a ton of blowback about how we talk about it way too much. jim, give it a rest, will you? i'm getting feedbck how our rise above campaign is stillborn because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my no vacation without legislation mantra. even has its own hashtag on twitter. i wish i never had to talk politics ever. one of the reasons that i started "mad money" was that i would never have to talk politics. that's something personal that shouldn't even be discussed on air. i don

and they know which one he used to kill himself and did not reveal that. back to today's activitieses they have a lot of territory to cover. i'm told there are at least 400 gun dealers in this four-county area as well as 30 gun ranges and they plan to make contact with each and every one of them and there are only 30 agents working at trying to accomplish that very difficult task. so candy, they have a lot of work to do to get down to the bottom of what started this, where those guns came from, how he got his hands on them, whether he trained on those weapons. those are the kinds of questions they're asking. wire tryi we're trying to find out if he left beginning behind written down. so far i've heard nothing about that. back to you, candy. >> thanks. following the investigation of this horrific crime for us at cnn, i spoke a short while ago with connecticut's governor about the investigation. governor, thank you for joining us here. let me just first ask you about the state of the investigation. what do we now know and where are we in the investigation? >> first and foremost, that's the state

guest host, contributor dan greenhouse, a chief global strategist with btig. he's going to be with us throughout the program. and merry christmas. and -- >> same you to, as well, sir. and other holiday greetings. >> we don't pay you a lot for cnbc contributor, do we -- did we order you to be here? >> i'm contracturally obligated to not specify anything. >> not specify anything? here at 5:30 and all the way to 9:00. >> i knew that there would be trouble this morning. i got myself seated -- >> good. we'll squeeze you for everything you're worth. we needed a big name. >> big name. we got one. >> it day after -- for december 26. >> you're too kind. >> then here you are. >> here he is. >> what did you get? anything good? >> i have -- >> switch, lump of coal? >> he's a hanukkah guy. >> a lump of coal -- yes, but a lump of coal at some point probably worth something. tet rate we're going. >> that's right. you're -- no tree? >> i want a tree, my wife says they're too messy. >> the trees are messy. >> the needs needles -- >> you have the festivus pole. >> grievances -- >> you better go, sorry.

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